Key iPod touch® Offer FAQs

Related Information

Learn more about KeyBank's iPod touch offer and apply online.

Frequently Asked Questions on KeyBank iPod touch® Offer

The offer is available for accounts opened online only. Additionally, in order to receive a premium, individuals must have a U.S. mailing address.

The following individuals/business entities will be eligible for a premium based on opening a qualifying checking account by 6/24/11 and meeting the offer requirements within three months of account opening.

New to Key Clients

  • Offer available to individuals without an existing checking account at KeyBank as of 5/6/11.
  • Limit one premium per individual. Limit one premium per qualifying account.

Current Key Clients

  • Offer available to individuals without an existing checking account at KeyBank as of 5/6/11.
  • Key consumer client that is the secondary (not primary) owner on a Key checking account (i.e., Bill and Sue are married and they have a joint Key checking account. Bill is the primary on their account and Sue is the secondary. Bill WOULD NOT be eligible for the offer if he opened a new checking account. Sue WOULD be eligible if she opened her own personal checking account and met the offer requirements).
  • Key consumer client that has a Key Health Savings Account (HSA) but not a Key personal checking account.
  • Key business client that has a Key business checking account, but does not have a Key personal checking account.

Key Express Checking® Account (this is the basic banking account in NY), Key Coverage Checking® Account, Key Advantage® Checking Account, Key Privilege® Checking Account, and Key Privilege Select Checking Account.

No. Accounts titled as Trust Accounts, Estate, and No Access are excluded from eligibility.

Checking accounts can be opened on key.com by selecting the appropriate link to "Apply Now" based on the account selected.

Open a qualifying personal checking account online and enter offer code ONTT0311 by 6/24/11, and make 10 posted payments and/or purchases per month for the first three months of account opening, plus make three direct deposits each of $500 or more within three months of account opening.

Related Questions

What qualifies as a purchase or payment?

Payments and purchases include checks written from your new account, debit card transactions, automated (ACH) payments, PayPal transactions, and Key Bill Pay payments.

When do payments or purchases post to my account?

Payment and purchase posting dates vary anywhere from one to seven business days. The date that you make your payment or purchase may not be the date that it posts to your account. Your eligibility for the offer will be determined by the date the stated number of transactions post to your account.

What counts as a debit card transaction?

Qualifying debit card transactions include signature, PayPass®, and PIN-based purchases. ATM and over-the-counter withdrawals and deposits are excluded.

What counts as a direct deposit transaction?

Direct deposit transactions are limited to payroll, Social Security, pension, and government benefits.

Does direct deposit have to come from an employer?

Direct deposit does not have to come from an employer.

What qualifies as an automated payment?

Automatic withdrawals from your checking account by a company, such as paying a utility bill automatically from the utility's website bill pay. It must be linked by routing number and checking account number, not the debit card number. Automated loan payments made via ACH (whether a "KeyBank" loan or loan with another financial services firm) will also qualify.

Internal Revenue Service regulations require KeyBank to provide a Form 1099-INT for any premium item offered over $10.00 where a deposit account has to be opened to receive the premium. You will receive a Form 1099-INT for the year in which you received the premium.

If you close your account within 180 days of account opening, you will be charged a $25.00 account early closure fee.

You will receive your gift within 90 days of meeting requirements.

You can contact your local Relationship Manager or call 877-KEY-ONLY (877-539-6659) with questions about personal checking accounts.

*Between 5/7/11 and 6/24/11, you must open a Key Express (this is the basic banking account in NY), Key Coverage, Key Advantage, Key Privilege, or Key Privilege Select Checking Account online and make at least 10 posted payments and/or purchases from the new checking account per month for the first three months after account opening, plus within three months make a total of three direct deposits each of $500 or more to get your gift. One month is calculated as 31 calendar days from account opening date (three months equals 93 calendar days from account opening date). Limit one gift per qualifying account. Limit one gift per individual. The value of your gift will be reported on Form 1099-INT. Your gift will be shipped within 90 days of meeting requirements. Qualifying purchase and payment transactions include checks, MasterCard signature, PayPass® and PIN-based purchases, Key Bill Pay, debit card automated payments, PayPal® transactions, and Automated Clearing House (ACH) direct payments. Direct deposit transactions are limited to payroll, Social Security, pension, and government benefits. Offer available to individuals without an existing checking account at KeyBank as of 5/6/11. Offer not available to individuals who have opened a KeyBank checking account in the last 12 months. Employees of KeyBank, its affiliates, and subsidiaries are not eligible for this offer. If you close your account within 180 days of account opening, you will be charged a $25 account early closure fee. Accounts overdrawn or closed as of 9/30/11 are not eligible for this offer. Accounts titled as Trust Accounts, Estate, Non-Individual, and No Access are excluded from eligibility. You must have a U.S. mailing address on 9/30/11 to be eligible. Offer is subject to cancellation without notice and cannot be combined with any other offer. Other miscellaneous charges may apply. MasterCard is a registered trademark of MasterCard International Incorporated. This card is issued by KeyBank pursuant to a license by MasterCard International Incorporated. MasterCard PayPass® is a registered trademark of MasterCard International Incorporated. iPod® is a registered trademark of Apple Inc. All rights reserved. Apple is not a participant in or sponsor of this promotion. ©2011 KeyCorp. KeyBank is Member FDIC.